Form 308B I – Fill Out and Use This PDF

The Form 308B I, known as the Industrial Income & Expense Report for the tax year 2014, is a required document for reporting financial transactions from January 1, 2012, to December 31, 2012, for property owners in the District of Columbia. Prepared by the Government of the District of Columbia, Office of the Chief Financial Officer, Office of Tax and Revenue, it is crucial for accurate accounting and adherence to federal income tax reporting guidelines. For those looking to streamline their financial reporting for industrial properties, completing this form accurately is essential.

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Form 308B I PDF Details

The 308B I form, known officially as the "Industrial Income & Expense Report" for the tax year 2014, serves as a critical document for property owners in the District of Columbia communicating their income and expenses related to industrial properties for the period from January 1, 2012, through December 31, 2012. It demands the reporting of income and expenditures solely on this specified format, strictly prohibiting substitute forms while allowing for supporting documentation. Drafted with meticulous attention to detail, it includes comprehensive instructions to guide filers through the process, ensuring clarity in reporting expenses accurately and avoiding the pitfalls of double reporting. The form also addresses the nuances of property occupation, asking owners to declare whether any portion of the building is user-occupied or exempt from property taxes. Embedded within the form are sections that delve into varied aspects such as vacancy details, annual income, operating expenses, and capital improvements, among others. Filed under the oversight of the District of Columbia's Office of the Chief Financial Officer and the Office of Tax and Revenue, it underscores the importance of adhering to specified accounting methodologies congruent with federal income tax reporting. Moreover, the form emphasizes confidentiality and legal compliance, hinting at potential penalties for failing to submit the required information by the stipulated deadline - thus underlining its critical role in the realm of real property tax law compliance in Washington, D.C.

Question	Answer
Form Name	Form 308B I
Form Length	10 pages
Fillable?	No
Fillable fields	0
Avg. time to fill out	2 min 30 sec
Other names	2014industrialf ffinal2 26 13 government of the district of columbia fill in fp308b form

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INDUSTRIAL INCOME & EXPENSE REPORT - TAX YEAR 2014

DUE DATE: April 15, 2013

Report information from the period January 1, 2012 through December 31, 2012

INCOME AND EXPENSE INFORMATION MUST BE

Government of the District of Columbia

REPORTED ON THIS FORM. SUBSTITUTE FORMS

Office of the Chief Financial Officer

ARE

NOT

PERMITTED.

SUPPORTING

Office of Tax and Revenue

DOCUMENTATION IS ACCEPTABLE. IN ORDER TO

1101 4th Street, SW, Suite W550

ASSIST YOU IN COMPLETING THIS FORM,

Washington, DC 20024

DETAILED

INSTRUCTIONS ARE INCLUDED WITH

THIS REPORT. PLEASE BE SURE TO REPORT

EXPENSES ONLY ONCE; DOUBLE REPORTING IS

SQUARE

SUFFIX

LOT

USE CODE

NEIGHBORHOOD

PROHIBITED. IF YOU HAVE ANY QUESTIONS, OR

PREMISE ADDRESS:

NEED

ASSISTANCE,

PLEASE

CONTACT

OUR

ASSESSMENT

PROGRAM

COORDINATOR,

ANTHONY

DANIELS,

202-442-6794.

MAILING ADDRESS

COMPLETE THIS REPORT IN ACCORDANCE WITH

Owner:

ACCOUNTING

METHODOLOGIES USED

FOR

FEDERAL INCOME TAX REPORTING. SUBMISSION

OF AUDITED STATEMENTS IS NOT REQUIRED. AS

Address:

PER THE D.C. CODE § 47-821, THE

INFORMATION CONTAINED IN THIS REPORT SHALL

Address:

BE KEPT IN STRICT CONFIDENCE. FAILURE TO

SUBMIT THE INFORMATION REQUESTED BY THE

City:

State:

Zip:

ABOVE DUE DATE IS A VIOLATION OF D.C. REAL

PROPERTY TAX LAW AND WILL RESULT IN A

PENALTY OF 10% OF THE REAL PROPERTY TAX

IS ANY PORTION OF THIS BUILDING OWNER OCCUPIED?

YES

AMOUNT DUE FOR THE FOLLOWING TAX YEAR.

IF PROPERTY IS 100% OWNER OCCUPIED, COMPLETE SECTIONS F THROUGH O.

IS ANY PORTION OF THIS BUILDING EXEMPT FROM PROPERTY TAXES?

YES

IF A PORTION IS EXEMPT, FORM FP161, THE ANNUAL USE REPORT MUST BE FILED.

ACCOUNTING METHODOLOGY: METHOD USED TO PREPARE THIS STATEMENT. (THIS SHOULD REFLECT YOUR ACCOUNTING BOOKS, CHECK ONE)

ACCRUAL CASH

UNCERTAIN

IF YOUR BUSINESS OPERATION ENCOMPASSES MORE THAN ONE SQUARE, SUFFIX AND LOT (SSL), YOU MAY LIST ALL OF THE SSLS THAT COMPRISE YOUR ECONOMIC UNIT BELOW. THIS WILL AFFORD YOU FILING CREDIT FOR ALL AFFECTED PARCELS WITHOUT THE NECESSITY OF FILING INDIVIDUAL FORMS FOR EACH PROPERTY. FAILURE TO ACCOUNT FOR AND /OR FILE ALL FORMS MAY SUBJECT YOU TO THE FILING PENALTY.

ADDITIONAL SSL: ____________ , _____________, ____________, ____________, ____________, ____________.

A. CERTIFICATION

I CERTIFY UNDER PENALTY OF LAW THAT THE INFORMATION PROVIDED IS TRUE, CORRECT AND COMPLETE TO THE BEST OF MY KNOWLEDGE AND BELIEF. MAKING A FALSE STATEMENT AS TO MATERIAL FACTS IS PUNISHABLE BY CRIMINAL PENALTIES, D.C. CODE §22-2514.

NAME OF MANAGEMENT COMPANY:
TITLE/RELATIONSHIP:
TITLE/RELATIONSHIP:

RESPONSIBLE CONTACT PERSON:	PHONE:
ADDRESS:
ADDRESS:

DATE:

OWNER’S FEDERAL TAX ID #:

PRINT OR TYPE NAME

SIGNATURE (ORIGINAL ONLY, NO STAMPED OR COPIED SIGNATURE)

THIS FORM MUST BE SIGNED AND DATED TO RECEIVE CREDIT FOR FILING. UNSIGNED OR SUBSTANTIALLY INCOMPLETE SUBMISSIONS WILL BE SUBJECT TO ALL APPLICABLE PENALTIES.

FORM 308B-I REV 1/2010

***CONFIDENTIAL***

Page 1 of 10

PLEASE ROUND ALL AMOUNTS TO THE NEAREST WHOLE DOLLAR, EXCEPT RENT RATE INFORMATION


B. LEASED AREAS (PLEASE PROVIDE INFORMATION ON THE LEASED AREAS IN SQ. FT., SPECIFY OTHER USES)
GROSS BUILDING AREA		SQ. FT.	FINISHED AREA	SQ. FT.	UNFINISHED AREA		SQ. FT.

WAREHOUSE USE		SQ. FT.	OTHER USE:	SQ. FT.	OTHER USE:		SQ. FT.
YARD AREA		SQ. FT.	LOT SIZE	SQ. FT.	TYPICAL CEILING HEIGHT			FT.

C. VACANCY INFORMATION
1.	SPACE VACANT JANUARY 1,	2013 (SQ. FT RENTABLE)						SQ. FT.
	ANTICIPATED USE OF SPACE
2.	SPACE VACANT JANUARY 1, 2012							SQ. FT.
	ANTICIPATED USE OF SPACE
3.	INCOME LOSS FROM VACANCY IN 2012					$
4.	INCOME LOSS FROM BAD DEBTS IN 2012				$

5.CURRENT MARKET RENT PER SQ. FT. FOR VACANT SPACE

a.	WAREHOUSE:	FULL SERVICE	$		NNN	$	OTHER		$
b.	OTHER:	FULL SERVICE	$		NNN	$	OTHER		$
	SPECIFY OTHER:
D. ANNUAL INCOME
	INCOME FOR 12-MONTH PERIOD ENDING DECEMBER 31, 2012 OR							/	/	TO	/ /
1.	GROSS POTENTIAL INDUSTRIAL RENTAL INCOME										$
2.	GROSS POTENTIAL OTHER RENTAL INCOME (EXPLAIN) _________________										$
3.	GROSS POTENTIAL OTHER RENTAL INCOME (EXPLAIN) _________________										$
4.	SALES OF UTILITIES/SERVICES										$
5.	ESCALATION INCOME										$
6.	OVERAGE/PERCENTAGE RENT										$
7.	INSURANCE REIMBURSEMENT										$
8.	OPERATING EXPENSE REIMBURSEMENT										$
9.	TAX ESCALATION OR REIMBURSEMENT										$
10.	PARKING AND SPECIAL AREAS (NUMBER OF SPACES __________)										$
11.	PARKING SPACES INCLUDED IN OFFICE INCOME			($_____________)
12.	OTHER RENTAL INCOME (EXPLAIN) __________________________________										$
13.	MISCELLANEOUS (EXPLAIN) _______________________________________										$
14.	MISCELLANEOUS (EXPLAIN) _______________________________________										$
15.	TOTAL GROSS POTENTIAL INCOME										$

E.ANNUAL OPERATING EXPENSE

1.		MANAGEMENT AND ADMINISTRATIVE
	a.		MANAGEMENT FEES	$
	b.		OTHER ADMINISTRATIVE/PAYROLL (SPECIFY)	$
	2.	UTILITIES
	a.		WATER AND SEWER	$
	b.		ELECTRICITY (EXCLUDING HVAC)	$
	c.		ELECTRICITY (INCLUDING HVAC)	$
	d.		PRIMARY HEATING FUEL___________________________________________	$
	e.		OTHER FUEL___________________________________________________	$
	3. REPAIRS AND MAINTENANCE (DO NOT INCLUDE CAPITAL EXPENDITURES IN THIS SECTION)
	a.		MAINTENANCE PAYROLL/SUPPLIES	$
	b.		HVAC REPAIRS	$
	c.		ELECTRICITY/PLUMBING REPAIRS	$
	d.		ROOF REPAIRS	$
	e.		ELEVATOR REPAIRS	$
	f.		OTHER COMMON AREA OR EXTERIOR REPAIRS	$
	g.		REDECORATING COSTS (CARPET, PAINT, ETC.)	$
	h.		OTHER REPAIRS (EXPLAIN) ________________________________________	$
	i.		TOTAL	$

FP-308B-I REV 2/2009A

***CONFIDENTIAL***

Page 2 of 10

4.	SERVICES
a.	JANITORIAL/CLEANING (PAYROLL/CONTRACT)	$
b.	LANDSCAPE	$
c.	TRASH	$
d.	SECURITY	$
e.	ELEVATOR SERVICE (CONTRACT)	$
f.	OTHER (EXPLAIN)___________________________________________________	$
g.	TOTAL	$
5.	MISCELLANEOUS EXPENSE
a.	MISCELLANEOUS EXPENSES (EXPLAIN)	$
6.	TOTAL OPERATING EXPENSE * DO NOT INCLUDE REAL ESTATE TAXES*
a.	TOTAL OPERATING EXPENSES	$
F. FIXED EXPENSE
1.	INSURANCE (ONE YEAR FIRE, CASUALTY)	$
2.	MISCELLANEOUS TAXES	$
3.	OTHER (EXPLAIN) _____________________________________________	$
4.	TOTAL FIXED EXPENSES	$
G. TOTAL EXPENSES (SUM OF SECTION F LINE 6 AND SECTION G LINE 4) ***DO NOT INCLUDED REAL		ESTATE TAXES***
1.	TOTAL EXPENSES	$

H.CAPITAL RESERVES/INTEREST INCOME ***AS OCCURRED DURING REPORTING PERIOD***

1.	ACTUAL CAPITAL RESERVES DEPOSITED		$
2.	ACTUAL INTEREST INCOME		$
I. CODE COMPLIANCE
1.	CODE COMPLIANCEL EXPENDITURES FOR LAST 12 MONTHS		$
2.	OTHER CODE COMPLIANCE EXPENDITURES	/ /	$
	ANTICIPATED DATE OF EXPENDITURE	/ /
J. REAL ESTATE TAXES (FROM PREVIOUS YEAR)
1.	PAID BY PROPERTY OWNER		$
2.	PAID BY TENANT (LIST TENANT BY NAME) ________________________		$
3.	PAID BY TENANT (LIST TENANT BY NAME) ________________________		$
4.	PAID BY TENANT (LIST TENANT BY NAME) ________________________		$

K. CAPITAL IMPROVEMENTS/RENOVATIONS

HAS THERE BEEN ANY CAPITAL IMPROVEMENTS OR RENOVATIONS DONE TO THE PROPERTY	YES	NO
	YES	NO
DURING THIS REPORTING PERIOD?
DURING THIS REPORTING PERIOD?
IF YES, PLEASE PROVIDE TOTAL COST HERE AND ATTACH A DETAILED LIST ON A SEPARATE PAGE.

TOTAL CAPITAL COST

DATE OF EXPENDITURES

L. ENERGY CONFIGURATION (DO TENANTS PAY? )

1.DO TENANTS PAY ANY:

a.	ELECTRICITY	YES	NO
b.	HEATING/COOLING	YES	NO
c.	WATER	YES	NO
d.	GAS	YES	NO
2.	IS THIS AN ALL-ELECTRIC BUILDING?	YES	NO
M. GROUND RENT
1.	ANNUAL GROUND RENT	$
2.	INCEPTION DATE OF GROUND LEASE	____/___/_______
3.	ENDING DATE OF GROUND LEASE	____/___/_______
4.	EARLIEST RENEWAL DATE	____/___/_______
5.	LAND AREA LEASED IN SQUARE FEET		SQ. FT.

FP-308B-I REV 2/2009A

***CONFIDENTIAL***

Page 3 of 10

N. SALE OF PROPERTY OR CHANGES IN OWNERSHIP

1. HAS A PARTIAL OR COMPLETE INTEREST IN THE REAL PROPERTY BEEN SOLD IN THE LAST	YES	NO
THREE YEARS?

ANSWER YES EVEN IF THE TRANSFER OR CONVEYANCE IS NON-TAXABLE OR INCLUDES A TRANSFER OR CONVEYANCE OF AN ECONOMIC INTEREST IN AN ENTITY THAT OWNS REAL PROPERTY (I.E. SHARES OR STOCKS IN PARTNERSHIPS, CORPORATION, OR TRUST, ETC. INCLUDING MULT-TIERED ENTITIES THAT OWN THE REAL PROPERTY). IF THE TRANSFER WAS THROUGH AN ENTITY, THE OWNER MUST COMPLETE THE TRANSFER OR ECONOMIC INTEREST FORM. TO OBTAIN THE FORM, CALL THE RECORDER OF DEEDS (202) 727-5374.

2.NATURE OF THE OWNERSHIP (CHECK ONE)

3.PERCENT OF OWNERSHIP

4.AMOUNT PAID FOR THE OWNERSHIP INTEREST $

		FEE SIMPLE	LEASE HOLD
%	TRANSFER DATE

O. DEBT SERVICE INFORMATION (WITHIN THE LAST 3 YEARS)
LOAN AMOUNT	ORIGIN DATE	INT. RATE %	TERM		PAYMENT (P & I)	ANNUAL OR MONTHLY PAYMENT
$					$	Annual	Monthly
$					$	Annual	Monthly
Loan balance as of 12/31/2012				Lender’s Name _________________________
$_____________________
Has there been an independent fee appraisal of this real property done in the last three years?							YES	NO
What was the appraised value and date of appraisal? $_______________________						_____________

HAVE YOU ROUNDED AMOUNTS TO THE NEAREST DOLLAR? IF NOT, CROSS OUT CENT AMOUNTS, EXCEPT FOR AVERAGE RENT PER. SQ. FT.

I4
*	*CONFIDENTIAL*	Page 4 of 10

INSTRUCTIONS FOR COMPLETING INDUSTRIAL / SPECIAL PURPOSE INCOME AND EXPENSE REPORT

The following instructions are provided to aid you in filling out this form. The information provided on the report should be in accordance with the accounting methodology used for Federal income tax purposes. Expenses are to be reported only once; double reporting is prohibited.

ROUND AMOUNTS TO THE NEAREST DOLLAR EXCEPT FOR DOLLARS PER SQUARE FOOT AND OTHER RENTAL ENTRIES.

Identify if the property is owner occupied or exempt from property taxes.

Identify the accounting methodology used to complete this form.

If you have any questions, please call this office at (202) 442-6794.

A. Certification

District of Columbia Law (D.C Code §22-2514) requires certification of this information by the owner or officially authorized representative. Please print or type the name and title of the person certifying the information, the name and phone number of the person to contact with questions on the information, and the property owner’s Federal tax I.D. number.

B. Leased Areas

Please identify all leased areas of the property. Gross building area should equal the sum of finished area and unfinished area. Show size of the area used for warehousing and the size and type of any other areas being leased. Additionally, list the size of any yard area, the total size of the property and the typical ceiling or eave height of buildings. Attach an additional sheet, if necessary.

C.Vacancy Information

1.Please provide the amount of vacant space, in square feet, available for lease on January 1 of the current year.

Please provide the anticipated use for the property during the indicated period.

2.Please provide the amount of vacant space, in square feet, available for lease on January 1 of the previous year.

Please provide the anticipated use for the property during the indicated period.

3.Please provide the estimated income loss due to the vacancy reported in question 2 above.

4.Please provide the actual income loss from collection, or bad debts.

5.Please provide the current asking price for the vacant space in question 1. Please indicate the type of space currently vacant.

D.Annual Income

Please enter income information for the period covered by this statement. Total potential income is 100% of the leasable square footage as though leased for 100% of 12-months at the actual contract rent for areas leased plus vacant space at the rents specified in Section C.

1.Total potential income from the rental of industrial space.

2.Total potential income from the rental of space other than industrial. Please indicate the type of space.

3.Total potential income from the rental of space other than industrial. Please indicate the type of space.

4.Income from the sale of utilities and services in addition to actual rental income. Usually these are cost reimbursements by the tenants over and above the base rent.

5.Actual income received for escalations in the base rents in accordance with the terms of the applicable leases.

6.Rents received over and above the guaranteed rent in accordance with the terms of the applicable leases.

7.Reimbursements paid to the owners for insurance claims.

FORM 308B-I REV 1/2010

***CONFIDENTIAL***

Page 5 of 10

How to Edit Form 308B I Online for Free

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1. The Form 308B I necessitates certain information to be typed in. Make certain the next blanks are complete:

Form 308B I completion process clarified (portion 1)

2. Once this segment is done, you'll want to put in the needed particulars in IF YOUR BUSINESS OPERATION, ADDITIONAL SSL, A CERTIFICATION, I CERTIFY UNDER PENALTY OF LAW, NAME OF MANAGEMENT COMPANY, TITLERELATIONSHIP, RESPONSIBLE CONTACT PERSON, ADDRESS, DATE, PHONE, OWNERS FEDERAL TAX ID, PRINT OR TYPE NAME, SIGNATURE ORIGINAL ONLY NO STAMPED, THIS FORM MUST BE SIGNED AND DATED, and I FORM BI REV CONFIDENTIAL Page in order to progress further.

Form 308B I conclusion process outlined (portion 2)

3. Completing PLEASE ROUND ALL AMOUNTS TO THE, SQ FT UNFINISHED AREA SQ FT SQ FT, SQ FT FINISHED AREA SQ FT OTHER, SQ FT, SQ FT, ANTICIPATED USE OF SPACE, SPACE VACANT JANUARY, ANTICIPATED USE OF SPACE, INCOME LOSS FROM VACANCY IN, a WAREHOUSE FULL SERVICE b OTHER, NNN NNN, OTHER OTHER, SPECIFY OTHER D ANNUAL INCOME, INCOME FOR MONTH PERIOD ENDING, and GROSS POTENTIAL INDUSTRIAL RENTAL is essential for the next step, make sure to fill them out in their entirety. Don't miss any details!

4. This specific paragraph comes with the next few form blanks to fill out: TOTAL GROSS POTENTIAL INCOME, GROSS POTENTIAL INDUSTRIAL RENTAL, OTHER RENTAL INCOME, MAINTENANCE PAYROLLSUPPLIES HVAC, and MANAGEMENT FEES OTHER.

Form 308B I writing process shown (portion 4)

Concerning MANAGEMENT FEES OTHER and MAINTENANCE PAYROLLSUPPLIES HVAC, be certain you get them right in this current part. Those two are the most significant ones in the PDF.

5. This form has to be concluded with this particular part. Further one can find a comprehensive listing of blanks that need accurate information in order for your document submission to be faultless: OTHER RENTAL INCOME, MAINTENANCE PAYROLLSUPPLIES HVAC, FPBI REV A, and CONFIDENTIAL Page of.

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